SAN FRANCISCO, December 6, 2018
SAN FRANCISCO, December 6, 2018 /PRNewswire/ --
Global Cement Market is anticipated to expand at a significant CAGR over the forecast period owing to the rise in industrialization and urbanization. Cement is a powdered material that binds the substances together by using water. Cement is different from concrete and mortars in a way, that makes cement an essential material for binding both the constituents. Cements can be categorized by two types, hydraulic and non-hydraulic. They are used widely in construction from smallest to large structures such as irrigation works, bridges, industrial complexes, dams, etc. Precisely, steel and cement are indispensable ingredients required for the development of construction activities in any nation. Cement industry majorly depends on building and construction activities happening around the world. Any kind of intensification in building & construction activities on a global scale will impact cement market largely. Also the rise in demand for house construction and residential building arising out of urbanization in the developed as well as emerging economies seem to induce the cement market. Moreover, advancements in the technology are a few factors that drive the cement market. Various initiatives by the governments worldwide to offer quality infrastructure, bridges and roads, which are fueling the growth of cement market. However, the increasing construction cost hinders the growth of cement market. Cement market is also expected to witness a downturn in the progress with energy-intensive manufacturing process of cement. The threat of exposure to diseases like lung cancer and other respiratory disorders for onsite workers is yet another restraining factor for the growth of cement market. At present, cement industry is highly disjointed with the presence of small, medium and large manufacturers worldwide, which makes it highly competitive and expanded. Lafarge holds a maximum share in the cement market. Other manufacturers are also involved in the production of color cement to meet the changing requirements of end users. These players are also focusing on expanding their market presence to create huge production structures across the globe. Moreover, cement market is also witnessing strong competition among several players for the factors like efficiency, quality and price.
Cement market is categorized on the basis of product type, application, and geography. On the basis of product type, cement market is divided into Portland and others. Others segment is expected to register significant growth owing to their declining prices in future. In terms of application, cement market is split into residential, non-residential, and infrastructure. Residential and infrastructure segments are predicted to hold larger share of cement market in the coming years in the developed and the developing countries. Geographically, cement market is segmented as North America, Central America, South America, Europe, Asia Pacific, and Middle East & Africa. North America followed by the emerging economies like China and India from Asia Pacific are expected to dominate cement market in future owing to the growing infrastructure. Also, Asia Pacific is predicted to hold larger share of cement market in the coming years in terms of revenue and due to the increasing developments happening in these regions. The prominent players performing in cement market include Aditya Birla Ultratech, CEMEX S.A.B. de C.V., CNBM International Corporation, Anhui Conch Cement, Italcementi, InterCement, LafargeHolcim, SCG, Titan Cement Group, Votorantim, Argos USA Corporation, Mitsubishi Cement Corporation, Taiheiyo Cement Corporation, Alamo Cement Company, Heidelberg Cement AG, ESSROC Cement Corporation, and Drake Cement LLC. The industry report package Global Cement Market to 2022 - Market Size, Development, Top 10 Countries, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook for cement in the world and in the top 10 global countries. Along with a global cement market report the package includes country reports from the following countries: China, India, Japan, Mexico, Morocco, Pakistan, Russia, South Korea, Spain, United States. The reports include historic market data from 2011 to 2017 and forecasts until 2022 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs..
Access 162 page research report with TOC on "Cement Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-cement-market-to-2022
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